August 29, 2008
This was a great article from Barrons about Fannie and Freddie.
Shares of Fannie Mae and Freddie Mac have declined by approximately 90 percent from the previous year and both companies are reporting quarter-over-quarter losses, leading some to believe than a government take-over or complete privatization is imminent.
MAKING SENSE OF THE STORY FOR THE CONSUMER
· According [...]
Read the full article →
August 25, 2008
I regularly deal with a number of large asset management companies and lenders who need to sell off their real estate owned property, often referred to as REO property. The word on the street is that most are expecting a 100% increase in the number of properties that are going to foreclosure in the next [...]
Read the full article →
